§19411
2 cases·2 cited
Statute Text — 26 U.S.C. §19411
Statute text not available for this section.
2 Citing Cases
19411 defines parimutuel wagering. In pertinent part, that section provides: "The association distributes the total wagers comprising each pool, less the amounts retained for purposes specified in this chapter [i.e., the takeout], to winning bettors based on the official race results." The amounts retained represent a percentage ofthe total am
19411 defines parimutuel wagering. In pertinent part, that section provides: "The association distributes the total wagers comprising each pool, less the amounts retained for purposes specified in this chapter [i.e., the takeout], to winning bettors based on the official race results." The amounts retained represent a percentage ofthe total am